The multinational gaming behemoth, Flutter Entertainment, has declared that Mary Turner will be stepping down from her position as a non-executive director.
Mary Turner Steps Down from Flutter Board
Turner has held this position since May 2020 and will be departing at the end of September.
Turner’s position as chair of the workforce participation committee will also come to an end. Another non-executive director, Nancy Cruikshank, will assume the role in October.
Turner, a Canadian native, served as a corporate director and chair of the corporate governance and nomination committee at the Stars Group from 2017 until its merger with Flutter in May 2020. She has also held leadership positions at Canadian Tire Corporation and McKinsey & Company.
Flutter Chairman John Bryant stated: “I would like to express my gratitude to Mary for her dedication and efforts on the board. We extend our best wishes for her future endeavors.”
The Flutter board has experienced significant changes recently, with Bryant taking over from Gary McGann as chairman in early September. Bryant also assumed the role of chair of the nomination committee and is a non-executive director.
Flutter’s US operations performed exceptionally well in the first half of the year
Flutter recently announced that its US operations reached a “profitability inflection point” in the first half of 2023. CEO Peter Jackson described the period as “pivotal”.
During the initial six months of 2023, the firm’s overall earnings hit a remarkable £48.1 billion, marking a substantial 42% surge compared to the corresponding period in 2022. Sports wagering earnings constituted a significant 62% of the total revenue, reaching a substantial £30 billion, while gaming earnings amounted to £18.1 billion.
Jackson highlighted that the United States emerged as Flutter’s most prominent market in the first half of the year. Revenue experienced a remarkable 71.0% increase, reaching £17.9 billion, with a staggering 98% stemming from the FanDuel brand. Adjusted EBITDA transitioned from a £132 million deficit to a £49 million surplus.
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